Stanbic IBTC Bank Media Trains Journalists in Financial Reporting, Fake News

As part of efforts to upskill journalists and improve the quality of financial reportage and implications of fake news in the country, Stanbic IBTC bank organised a one-day media training designed to furnish journalists and media practitioners with the latest techniques in the field.
The training equipped the participants with tools and insights to better understand how to avoid falling into the landmines of fake news, unethical practices and cybercrime, as well as how to gather and report activities in Nigeria’s banking and finance sector.
The training which held in Lagos had seasoned financial and business experts, include, the CEO, HIV Trust Fund of Nigeria, an Africa Finance Specialist, Adjunct Faculty, Strategy and International Business at Lagos Business School (LBS), Dr. Jekwu Ozoemene, who covered “Essentials of Reporting Banking and Finance”.
The second person, an award winning BBC journalist and host of BBC Focus on Africa, Peter Okwoche, who facilitated the “Fake news: A case for ethics and professionalism in the Nigerian media” module, and a Partner of The Lodt Law Offices, Lagos, a corporate law firm, ; Deji Olatoye, who spoke on the theme, “The Cybercrime Act and the Nigerian Media: Understanding the legal minefield,” while another award-winning writer, journalist and freelance journalist at the FT, Toni Kan, whose topic of delivery was “Keeping facts sacred in the age of social media, misinformation, disinformation, and mal-information.”
The training focused primarily on equipping the participants with tools and insights to better understand the extant Cybercrimes Act; how to gather news and report activities within Nigeria’s banking and finance sector, as well as the practice of journalism as it evolves in the age of social media. It also focused on ethics and professionalism in the face of the fake news epidemic.
In Dr Ozoemene’s delivery, he emphasized the need for incisive and analytical news reports in covering the sector and the economy, and urged participants to practice quality journalism, which involves journalists bearing witness, digging into records, developing sources, checking and double-checking while asking critical questions.
Olatoye explained that the Cybercrime Act is “one of the most insidious pieces of anti-press legislation ever” and urged participating journalists to be aware of its provisions and how it affects their practice. He also urged the participants to be better equipped to do the important work they do in an ethical and professional manner, especially in this age of social media and fake news.
Toni Kan, writer, editor, public relations executive and teacher, focused on fake news, misinformation, disinformation and misinformation in a post-truth dispensation while noting that the term “fake news” is not new. He explained how it has been used in recent years to impact on local and national conversations around economic, political, societal, and public health issues. He emphasized that it is an unethical practice that needs to be eschewed by journalists.
The Media Training Room, founded by Toni Kan and Peju Akande, is a skills-based, practice-led certificate-awarding institute, which commenced operations in February 2018 with a training programme for select journalists drawn from print, broadcast, and online platforms. The May 30, 2024 session which had 27 journalists in attendance was the fourth in the series sponsored by Stanbic IBTC.

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